Borner Communications' articles of incorporation authorized the issuance of 170 million common shares. The transactions described below effected changes in Borner's outstanding shares. Prior to the transactions, Borner's shareholders' equity included the following: Shareholders' Equity Common stock, 155 million shares at i par Paid-in capital-excess of par Retained earnings (s in millions) $155 465 265 Required: Assuming that Borner Communications retires shares it reacquires (restores their status to that of authorized but unissued shares) record the appropriate journal entry for each of the following transactions: (If no entry is required for a transaction/event, select "No ournal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) 1. On January 7, 2018, Borner reacquired 2 million shares at $7.00 per share. 2. On August 23, 2018, Borner reacquired 4 million shares at $3.50 per share. 3. On July 25, 2019, Borner sold 3 million common shares at $9 per share